Member Info for phil01

Cenkos comments on the Ambarella partnership

? Comment: We believe this news is significant as Ambarella has previous relationships with DMS suppliers Eyesight/Cipia (announced June-2019) and Smart Eye (announced Jan-2019). We believe the addition of a new strategic relationship with Seeing Machines at this stage implies that Ambarella sees the need to be able to offer its customers a Seeing Machines solution. We believe this is also indicative of the market pull by OEMs who are demanding the highest performing Driver Monitoring System software available as DMS is a primary safety system. It also demonstrates that Seeing Machines software is not just hardware agnostic but that in order to be able to provide a cost effective high performance DMS solution to the industry that the software has to be optimised for hardware platforms. We believe Seeing Machines now has the widest range of hardware solutions for its DMS software including Ambarella, OminiVision, TI, Renensas, NXP and Xilinx. This depth of options for OEMs and Tier 1 suppliers will, in our view, increase the chances of greater RFQ wins and market share in the adoption of DMS across the automotive industry. We iterate our buy recommendation and 19.5p valuation.

Terrym,

Hopefully this is SEE that will be integrated into keeptrucking which has an enormous size of fleet.
[Keeping my feet on the ground though and not counting my chickens yet because at the current moment Ambarella and Smart Eye do have a DMS product in the market. Not sure if the latest announcement is to design out SEYE and integrate SEE going forward or to offer a product choice where User can select SEYE or SEE option.
https://smarteye.se/news/ambarella-and-smart-eye-partner-to-deliver-next-generation-ai-based-driver-monitoring/]

Just like Cenkos, I am being fairly conservative until ..."the show me the money stage", which I am hoping will be by end of this year. By then just as Paul said we may have a clear line of sight to the future.

Schlemiel,
Maybe my understanding is a bit suspect but I though the next chip is Snapdragon Ride 4, while GM is talking about Snapdragon Ride 5.
Anyway either way, most probably we would have been acquired before the Ultra Cruise ,which is Level 4 automation becomes mainstream ... so may not matter either way.

Can someone listen to this GM presentation at CES 2022 regarding Ultra cruise. Does it mean that instead of SEE , the software supplier will be GM.
https://www.youtube.com/watch?v=pDF7tr0WGo4
41:17 - 42:27 mins mark.

'....Ultra Cruise will use Snapdragon ride 5 which will be based on GM and Qualcomm development. Software for this completely developed inhouse by GM ....'

I am not sure how to interpret this, does it mean that SEE will be designed out in Super cruise?

Having researched this, I took a little position today. Came over to see the views of the long term holders but it appears that I must be the only holder left.
Anyhow, I am convinced by my research so don't mind being the only holder until things play out over the next 24 months. I expect significant multiples of my investment in that time frame.

Thanks Luke1. hopefully the current management executes the strategy better than those in Regency Mining.
I feel that there is great upside if they get it half right. I am hoping for significant multiples in the next two years if they get this right.

Those were mine. Just thought I will take a nibble and see where it goes in the next 2 years.

Here is presented 3 reason for continued fast growth of podcastng in 2022.

https://twitter.com/adresultsmedia/status/1475919518266388482

Some may think it is an admirable quality to defend a company irrespective of their action, just because I am invested.
Comparisons however needs to be reasoned, apple to apple, ( pun intended). Comparing an apple to an orange just because they are fruits is really very tenuous.
Apple is offering a max bonus of $180,000, put into context that is 1000 apple shares.
The bonus which is between $50,000 -$180,000 will go to something between 10-20 of high performing engineers.
Assuming that $180000 bonus goes to EVERY apple employees, [ engineers of not, high performing or not], apple would would need to issue a total of 0.7% of their outstanding shares as bonuses. So even if all Apple employees worldwide received the highest bonus amount, it still pales in significance to what SEE is offering.
Nothing we could do about it, but if anyone wants to make comparisons it will help my logical mind to process it if there is some kind of yardstick for that comparison. Companies worldwide offer bonuses, I myself get bonus a part of remuneration; it is the terms of the bonus that I have questioned and not the fact that a bonus is offered.
My job role means that I think like a Borg, as some of my supposed friends like to tell me, so things that just seem to be out of place jars with my thinking mind....nobody's fault but mine.

Doubt if there will be any RNS. There are just not enough available free float shares while you have people sitting on the buy side accumulating.
As some sell out, there will be even less shares available to BUY and share price will have to trend up to tempt some people to sell.
As long as AAA and some of the concerted party are on the BUY side, it means that they view BOOM share price to be under-valued so continuing to accumulate which will continue to drive the share price up.
Seeing that they placed a value of £23 per share for their holding the last time they made an offer, it is logical to think at at this price they believe it is still a steal, especially since BOOM business has further developed since their offer.

Lostinfrance,

It keeps people in job if you are not paying relative to peer companies, in which case this is no longer an incentive share but a salary offset.

Different companies I suppose work differently, but as I sai I have never had incentive share that is not linked to stretch goals. Hence those shares only become valuable if we meet the goals. Salary-wise however our salary is benchmarked against peer companies and industry average.

Maybe this RNS is using the wrong terminology, If it is a performance related shares at today's price then you are saying that they have already met performance target, in which case those shares should vest today.
Performance related shares that would vest in 3 years time will have a performance target price for 3 years from hence.
If it is going to be vested yearly then it should be linked to a certain %age increase in share price since the last vesting period.
Not that there is anything PI can do about it, it has always been thus with listed companies: as long as the remuneration committee is onboard and they are not planning on issuing shares greater than their %age share issue authority.
Does not mean I have to like it or pretend that it is to my benefit, even though there is nothing I can do about it.
Now that I have got it off my chest I will go back to sleep and come back at H1 results.

I would not exactly say this is an incentive to management. I have performance related shares in my company but has never had the target price less than current price.
Here we have a performance shares issues at around 9p when the share price is over 10p. And this has a 3 year life, so what exactly is the incentive to move the share price up? Where is the performance element in the share price? If the share price remains static for the next 3 years , they are still in the money!
As for Naomi being a great CFO, someone give me a break, she is an accountant for goodness sake, and if she was not good at her job she should not be at SEE. I would assume that even the tea maker in the office is a good tea make else he/she would have been relieved of duty, hence being good at what you are hired to do is not exactly screaming at give me an incentive share.

That is my rant for the day, I call it as I see it and this looks like money for old ropes, others may have different view. My take is that share in company is allocated to senior management as an incentive to grow the company, as such the strike price should be a stretch to what the price is at the moment. This is quite different to shares allocated to management because, in other to conserve money, their salary is less than peers in other comparable company >> in such scenario shares are allocated at current market value as a kind of salary top up.

With regards to BOOM in competition with Spotify, Amazon, I would think that BOOM has an advantage over these channels.
As a advertiser and placing an add on a Spotify specific , then the reach of your advert will only be to Spotify Users. Advertising via BOOM, then the reach of your advert is across all channels, Spotify, Google, Deezer and everything else in between.
At least that is how I read it but open to being corrected by anyone who thinks otherwise.

We have spent the last two days talking about the A$320m Auto OEM order book in the FY21 presentation.
In this latest announcement it states "..... the cumulative initial lifetime value of all Seeing Machines won programs stands at more than A$325 million....."

Will appreciate if anyone has a valid explanation. Surely A$320 + A$125 does not equal A$325.

The only way this squares is if the A$320 that were being discussed previously included the still to be announced A$120 Magma contract.
Total Order Book plus Magma Contract = A$320
Total announced Order Book (minus Magma Contract) = A$200
Contract announced today =A$125
Total Announced Order Book = A$200 + A$125 giving a total of A$325

I am not expecting any announcement till about 10th Jan 2022. That will be results or trading update. They are usually fast in churning out the results so I expect FY21 results anytime from the 2nd week of Jan.

DO we already know who is providing Rivian with DMS or is Rivian using their own in house built system?

No really fussed with identity of the bidder.
All I want is good value in CASH. Whoever can afford it in cash is welcome to my shares, else remain independent until the value proposition presented by BOOM can no longer be ignored by the big players.
The longer they wait the more they will pay.

Either Candy is still positioning himself for another bid in the near future or he is aware that a bid from another suitor is not far away.
My own take is that BOOM will not be around for FY 22 half year results. The results at the end of this financial year will really let the cat out of the bag and I expect it will come to the attention of most of the big players in the podcast space.
Tobin is chucking every penny he can get at it and Candy is all of a sudden buying by the bucket loads.
There was another 4,6051 shares bought yesterday that has not been RNS, so maybe that buy was from someone who has less that 3% holding.

Where are all those people that were moaning that they were not given the chance to take part in the placing at 11p per share?
You think that they would have been buying zillions at this price.

Aconcept,
My reading of it is that the product has been developed, showcased in Collins stand 1160 but not yet commercially available.
This RNS is to jointly market the product.
For forward fit, I imagine that all that is required , if they get a customer, is to provide the designs to the aircraft or simulator manufacturer and they will incorporate into their manufacturing process production lines.
For after market, my expectation is that SEE will get involved to find a way to retrofit the offering into the specific simulator environment.
So take on it is that they are as ready as they need to be in order to go to market. They do not need to build a batch of the products that customers can buy off the shelf, since each type of simulator will require a custom fit.